Press release
Motorcycle Instrument Cluster Market Growing at a Healthy Rate 2017 - 2025
Motorcycle Instrument Cluster Market
Motorcycle instrument cluster is a simple display system, the main function of this cluster is to display status of vehicle drive system, information regarding current condition of vehicle and driving scenario. The main components of motorcycle instrument cluster consists of speedometer, fuel gauge, pointer and illumination and warning indicators. The basic operation of motorcycle instrument cluster includes the power management system in which the power supply is being connected with battery of 12V or 24V and it maintains the voltages of up/down for memory and display system.
Microcontrollers are also being used in the motorcycle instrument cluster system for driving the various stepper motors and display system which are connected through the LCD (Liquid Crystal Display) segments. The application of motorcycle instrument cluster include bikes, power sector and communication interface.
Motorcycle Instrument Cluster Market: Dynamics
Growth in the automotive industry is driving the motorcycle instrument cluster market in a significant way. Power sector is boosting the motorcycle instrument cluster market because of the display system is being used in this sector for getting information about the voltages, current and other electrical quantities. In addition, electronics industry is supporting the motorcycle instrument cluster market. However, there are restraining factors in the motorcycle instrument cluster market such as failure of display system and system may fail in detecting the faulty situation.
Motorcycle instrument cluster market has huge potential in maintaining the stability of motorcycle by with use of the cluster system. Anti-brake system can also be applied in motorcycles which lowers the incidence of accidents. Motorcycle instrument clusters made of radium or other radioactive element are trending because these elements can overcome the visibility problem during sunlight or other bright light. Additional features such as speedometer, odometer, clock, fuel gauge, engine temperature indicator, side stand indicator and others is being introduced by major automotive producers. Growing passion for sports car mainly for its speed features is encouraging motorcycle instrument cluster sales. Preferences have increased for combination of mechanical gauge(s) and LCD display. Microprocessor-driven motor cycle instrument cluster has gained attention in recent days. Other technology trends include direct interfaces and illumination provided by the liquid crystal displays (LCDs), which includes the pointer backlighting, LCD backlighting and gauge backlighting.
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Motorcycle Instrument Cluster Market: Segmentation
Based on the type motorcycle instrument cluster market is segmented:
Analog type
Digital & Analog Combination type
All Digital type
Based on the materials used motorcycle instrument cluster market is segmented:
Styrene Maleic Anhydride (SMA)
Polypropylene (PP)
Polyvinyl Chloride (PVC)
Thermoplastic Polyolefin (TPO)
PC/Acrylonitrile butadiene styrene (ABS)
Leather
Thermoplastic Polyurethane (TPU) Powder
Based on the applications motorcycle instrument cluster market is segmented:
Automotive industry
Mining industry
Construction industry
Traction industry
Power sector industry
Railway sector
Motorcycle Instrument Cluster Market: Regional Overview
The Global Motorcycle Instrument Cluster market is divided geographically into seven regions, namely North America, Latin America, Asia Pacific excluding Japan (APEJ), Western Europe, Eastern Europe, Japan and Middle East and Africa (MEA). Europe is major region in a motorcycle instrument cluster market in terms of application and revenue sharing, backed by presence of large number of major automotive players in this region. Followed by Europe, North America and Asia Pacific (particularly Japan) are projected to grow relatively at a higher CAGR during the forecast period since the user of motorcycle instrument cluster in many vehicles is increasing every year in these regions. The global motorcycle instrument cluster market is well established in Japan and forecasted to grow at an average CAGR over the forecast period. Middle East and Africa and Latin America are projected to expand at a slower pace due to lack of technology advancements in these regions.
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Motorcycle Instrument Cluster Market: Regional Segmentation
The growth of motorcycle instrument cluster market in Asia-Pacific is very high due to rise in substantial private investments in this region. Overall, the global market for motorcycle instrument cluster market is anticipated to grow considerably by the end of forecast period 2017-2027. Motorcycle instrument cluster market in Asia-Pacific is rapidly growing due to improving economic conditions across various countries, income levels, and rise in manufacturing operations is having a positive impact on the motorcycle instrument cluster market. Motorcycle instrument cluster market is growing in Asia-Pacific because of rise in demand from the end-use markets including automotive, railway and power sector. India and China are projected to grow the most among the various countries in the Asia-Pacific region. Strong economy prospects including high GDP, government support to automotive industry and rise in working population in these countries will overall augment the motorcycle instrument cluster market.
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